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Front Office Increasingly Concerned with Corporate Actions Data Quality, Says Bloomberg’s Haddock
The front office is increasingly concerned with the quality and timeliness of corporate actions data as it assists in the identification of prime trading opportunities and risks, according to Joseph Haddock, manager at data giant Bloomberg. Speaking at this week’s CorpActions 2011 conference, Haddock noted that increasing volume of corporate actions data that is being…
Virginie’s Blog – Corporate Actions: Get Over it
This week’s CorpActions 2011 conference in London raised some rather familiar points with regards to the appetite for change in the corporate actions space. After years of talking about standardisation, some progress has been made in drawing up industry best practices (see the recent standards documents produced by many of the industry associations out there,…
Berlanger Heads to Deutsche Bank, Bookheim Surfaces in Consultancy Role at Citi
Last week, Reference Data Review revealed that director in charge of data quality at Citi, Geert Berlanger was departing after five years with the firm. This week we can reveal he is headed to Deutsche Bank to take up the role of programme director for client business services, responsible for functions such as client onboarding. Citi, however,…
Pricing Partners Introduced a Quantitative Methodology to Generate Inflation Volatility Surface
Pricing Partners announced today that its Price-it library now includes analytical tools to estimate inflation volatility surface combining historical estimates and implied interest rates smiles surfaces. These analytical tools can provide reliable estimation of the smiled inflation surface on all major inflation indexes such as the European, French, Japanese, American or British HICP ones. This…
Investec Strengthens Project Finance Division with Senior Hire
Investec Capital Markets (‘Investec’), part of Investec Bank, has appointed Nigel Robinson to the Project and Infrastructure Finance team where he will work with Maurice Hochschild, Global Head, to build the equity and advisory business in the clean power sector. Nigel Robinson joins Investec from ING London’s Utilities team, where he spent seven years building…
New Headquarters For Exchange Data International
Exchange Data International (EDI), a provider of securities corporate actions and reference data, today moves its headquarters from Hatton Garden, London’s diamond merchant area, to vibrant Old Street, now home to Britain’s IT industry. EDI’s new address is Churchill House, 5th floor, 142-146 Old Street, London EC1V 9BW. It occupies an excellent location in the…
Legal Entity ID Working Paper Highlights Change in Regulatory Priorities and Potentially High Costs of Implementation
A recent working paper on the practicalities of establishing a legal entity identifier database highlights the tough challenges ahead and rather than promoting an extensive reference data collection exercise, it suggests that a ‘less is more’ approach is the only sensible way to proceed. The paper is a continuation of the research that was initially…
SEC Plans 7 July Roundtable on IFRS Preparedness and Regulatory Impacts
The Securities and Exchange Commission (SEC) has indicated that it will be holding a public roundtable next week to discuss the industry’s current state of preparedness for a move to International Financial Reporting Standards (IFRS). The 7 July event will include three panel discussions on the subject of potential accounting system changes, as the US…
Oracle’s Khanna Elaborates on its Joint Project Work with the Data and Risk Vendor Community
Oracle is working with a number of vendor clients, including data management solution vendors GoldenSource, Asset Control and Polarlake, on joint implementation projects to build out reference data management capabilities. Ambreesh Khanna, vice president of technology and systems at Oracle Financial Services’ Global Business Unit, explains to Reference Data Review that the main driver behind these…
One Client Has Moved from 24% to 100% Data Quality Compliance via Omgeo’s SI Compliance Scan, Says Meenaghan
Omgeo has this month launched new functionality for its settlement and account instruction (SSI) database that Bill Meenaghan, global product manager for the vendor’s Alert platform, claims has allowed one client to move from 24% to 100% data quality compliance within a matter of weeks. The SI Compliance Scan functionality is therefore aimed at helping…